Income Tax

  • Income Tax

Backward area declared u/s 80HH not apply to section 80-IA, both are separate & independent provisions

Backward area declared u/s 80HH(2) do not apply to section 80-IA(2)(iv)(c) as both sections are separate and have independent provisions…

4 years ago
  • Income Tax

Institute of Pesticide Formulation Technology Gurugram approved u/s 35(1)(ii)

Institute of Pesticide Formulation Technology, Gurugram PAN:- AAATI0389Q approved u/s 35(1)(ii) as Research Association from AY 2019-2020 and onwards  MINISTRY…

4 years ago
  • Income Tax

CBDT further amends Notification of Income Tax jurisdiction

CBDT further amends Notification of Income Tax jurisdiction MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 5/2020…

4 years ago
  • Income Tax

Sales of entire year could not be estimated based on cash found during survey.

Sales of entire year could not be estimated based on cash found during survey. By no means it could be…

4 years ago
  • Income Tax

Reopening quashed as AO not recorded reasons of assesse’s failure to disclose material facts fully/truly

Reopening quashed as AO not recorded reasons of assesse's failure to disclose material facts fully and truly but notice u/s…

4 years ago
  • Income Tax

Change in the jurisdiction of Pr. CIT Guwahati & Assam. Read Notification

Amendment in the jurisdiction of Principal Commissioner/ Commissioner of Income-tax, Guwahati & Assam MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF…

4 years ago
  • Income Tax

Appeal not maintainable against computer extract of demand raised by CPC-TDS at traces website – ITAT

Appeal not allowable against computer extract of demand raised by CPC-TDS at traces website. Assessee granted liberty to file appeal…

4 years ago
  • Income Tax

Addition u/s 69 on premise that no prudent person keep huge amount of cash in house deleted

Addition u/s 69 for unexplained investment on reasoning that no prudent person would keep huge amount of cash in house.…

4 years ago
  • Income Tax

Tax Invasion is a Social Injustice to fellow citizens: Chief Justice of India

Tax Invasion is a Social Injustice to fellow citizens: Chief Justice of India   Tax Judiciary plays an important role…

4 years ago
  • Income Tax

Section 68 not applicable to sales receipt shown in books of accounts. ITAT deleted addition

Section 68 not applicable to sales receipt shown in books of accounts. A Receipt can not be treated sale proceeds…

4 years ago